Toronto stocks open higher, lifted by financials

TORONTO Dec 24 (Reuters) - The Toronto Stock Exchange's
main index opened higher on Monday, as the financial and
materials sectors edged higher.

The S&P/TSX composite index .GSPTSE was up 41.75 points,
or 0.3 percent, at 13,673.84

Four of the TSX index's 10 main groups were higher.

Financial shares were up 0.6 percent after an investor
group said on the weekend that it had agreed in principle to
restructure about C$33 billion ($33.3 billion) of non-bank
asset-backed commercial paper.

The materials sector, home to resource shares, was up 0.4
percent.

Activity was expected to be light as the market will close
at 1 p.m. (1800 GMT) for the Christmas holidays.